INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 330
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Mining and quarrying
Subdivision 330-J
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Balancing adjustment
SECTION 330-70 (ARCHIVE)
What the corresponding previous law is
330-70(1)
[Corresponding previous law]
For the purposes of Subdivisions 330-J, 330-K and 330-L of the Income Tax Assessment Act 1997 (the 1997 Act ), the corresponding previous law is set out in the following table.
330-70(2) [Table]The table sets out the rules for some of the capital allowances in the 1997 Act. It also sets out the corresponding previous law in the Income Tax Assessment Act 1936 (the 1936 Act ).
| Item | Capital allowance | Rules in the 1997 Act | Corresponding previous law in the 1936 Act |
| 1. | Mining and quarrying: exploration or prospecting expenditure | Subdivision 330-A | Division 10 or 10AA of Part III |
| . | |||
| 2. | Mining and quarrying: development and operation of a mine or quarry | Subdivision 330-C | Division 10 or 10AA of Part III |
| . | |||
| 3. | Mining and quarrying: transporting minerals or quarry materials | Subdivision 330-H | Division 10AAA of Part III |
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